FC: The Great Depression
1: The Great Depression was caused by multiple factors but one of the main causes was the stock market crashed in 1929. Stockbrokers lost more than 40 billion dollars and by the end of 1930 the stock market began to regain some of its losses but this was not enough and then America entered the Great Depression for real this time. Another factor was bank failures which led to over 9,000 banks which failed in the 1930’s. This caused people to loose their savings because the banks were failing. When the stock market crashed this led to people of all different classes to stop purchasing items. This then led to people loosing their jobs since people were not buying items. In 1930 the government came up with the Smoot-Hawley Tariff to help protect American companies. This led to high tax for imports which then led to a decreased number of trading between America and other foreign countries.
2: The Great Depression lasted for eleven full years from 1930 to 1941. Life during the Great Depression was hard especially for poor people. Couples delayed marriage because they did not have the money and the divorce rate dropped because it was too expensive to pay the legal fees and support two households. Birth rates also dropped during this time period. Men were out of work and they had to rely on their wives and children in some cases to help make meets end. Some men could accept this but others got frustrated and just walked out on their family completely.
3: African American women were able to find work easier than their husbands, working as domestic servants, clerks, textiles workers and other jobs. This employment increased their status and power in the home which gained them a new voice in domestic decisions. Children had to quit school to help support their families. About 2.25 million boys and girls between the ages of 10-18 worked in factories, canneries, mines, and on farms.
4: Many people during the Great Depression gained a new outlook on life and many of the survivors still hold onto the same virtues today. They learned to focus on their relationships with their family, with others, and with God. Also they learned that good can come from a bad and meaning can come from tragedy.
5: 4.Every single person in America was affected by the Great Depression in one way or another. Basically poor people were more affected than rich people. Many families were getting destroyed because of this tragedy. Men were often out of work and had to depend on their families to provide for their family. Children no longer went to school and had to go and get jobs to help support their families. About 20% of children went without food and proper food during the Great Depression. African Americans had a harder time getting jobs during this time which led to Mrs. Roosevelt to grow concern about this issue and as a result the New Deal programs were created which benefited many African Americans.
6: This made African Americans finally feel like they had friends in the White House. African Americans were hit harder by the Great Depression because they did not have any financial savings at all.
7: The New Deal programs helped most families buy things that they needed which included food and clothing items. People got employed as conservation workers, artists, writers, and laborers. The elderly got helped from Social Security who could no longer work and whose savings were gone already. The New Deal programs did help a lot during the Great Depression but they still did not end the economic downturn.
8: German forces were becoming more powerful and took over neighboring countries. The fighting countries looked to America to make supplies for them which boosted the economy. When Pearl Harbor was bombed on December 7, 1941, America entered war. More than 10 million men and women went into the military.
9: Since so many people were fighting in the war, it was left for those who were at home to work in the factories to make supplies for the war. The need for soldiers, pilots, and workers to ammunition, weaponry, and air/sea craft all contributed to end the Great Depression. This led the economy to skyrocket and was then on road to restoration.